QUESTION 3 Morgana is currently working as an investigative journalist earning a wage of $40,000/year in Sydney and pays no rent as she lives with her parents. She is deciding whether or not to take up a position offered to her by the Queensland Prison Service. She would earn $56,000/year as a prison officer, but would have to live in Brisbane and pay rent of $10,000/year. Select the item from the list provided to make the following statements true. 12.~ Morgana's__ is $40,000/year in deciding to join the 1. accounting profit Queensland Prison Service. 2. -$2,000/year 4. ~ Morgana eamns alan of 6000/year by becoming a Prison 3 total cost Officer. 4. economic profit 10. v Morgana's accounting profit by choosing to become a Prison Officer 5. economic loss would be . ' . 6. normal profit 7. $16,000/year 8. $66,000/year 9. explicit cost 10.$46,000/year 11.$50,000/year 12.implicit cost You are deciding whether you should leave your current job as a barista at a caf and work as a store assistant at a retail shop. Which of the following statements is true? @ If you accounting profit is positive while you economic profit is negative in becoming a store assistant, you should stay at your current job O If your accounting profit of being a barista is zero, it means that your accounting profit is equal to your opportunity cost of working at your current job. (O When calculating your economic profits, you should only include your explicit costs. O Your explicit costs include the value of working as a store assistant. () You should only look at the salary difference between the two jobs when deciding